A new vessel is an exciting venture… once you are done with the necessary paperwork, of course. Not that this has to be a lot, but it certainly is something you’ll have to focus on. First in the order of business, you will have to establish your boat ownership in Ontario. Let’s talk about the different ways in which you can do so.
Establishing New Boat Ownership
If you need to establish new boat ownership in Ontario, it will be necessary for you to register it with the Canadian Register of Vessels. This is not at all hard, but it does require you to deal with the inconvenient bureaucracies of the register. Of course, it doesn’t have to be that inconvenient. We wouldn’t want it to. Instead, you can make use of the platform we’ve set up to make the process easier for you. You will have to provide thorough information about the vessel itself, such as its measurements, tonnage, and engine specs, as well as the name you intend to give it. Once you’ve filled up everything as needed, your application will be on its way to the official registry.
Transferring Ownership
Now, when it comes to transferring ownership from one person to the other, there is a specific form for that as well. Say that you are buying the vessel, not from the manufacturer or a dealer, but from a previous owner. In these cases, the seller will have to apply for the transfer of ownership in order to then register the vessel as yours. If you are the one selling the boat to someone else, then it will be up to you to apply for the transfer of boat ownership in Ontario. Don’t forget that if there is a mortgage registered to the vessel, it must be transferred or discharged in order to complete the transfer.
Altering Ownership
You should know that the process to transfer ownership won’t just include those instances where you are selling the vessel to someone else, in which cases you will need to submit a form for a transfer of ownership. You will also need to make use of this form when you are adding an owner (such as a partner or spouse) to your boat ownership in Ontario or, in turn, removing one from it. You have to be aware, however, that in order for someone to be eligible for ownership of the vessel, even if it is shared, they have to be a Canadian citizen, a Canadian resident, or a corporation incorporated under the laws of Canada.
Boat Ownership in Ontario
As complicated as the process to establish boat ownership in Ontario might seem, it doesn’t have to be. At least, it shouldn’t be if you have the right guide. That is what we are here for, after all, at the National Vessel Registry Center. Here. our job is to make every maritime process easy for you, whether it is for new registration, a transfer, or a change in ownership. All these forms and more are readily available on our website for you to fill out. If you have any questions, don’t hesitate to reach out to us by calling +1 (800) 419-9569 or email us at info@canadianvesselregistry.ca.
